---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-082814"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T14:00:18.846040+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# US Bancorp sets CEO Kedia compensation; Cecere Executive Chairman terms approved

## Summary
- CEO Gunjan Kedia base salary $1.2M, target annual cash incentive 275% of base, effective Apr 16.
- Additional PRSU award of $1.5M granted to Kedia under 2024 Stock Incentive Plan.
- Executive Chairman Andrew Cecere base salary $1.4M; supplemental retirement benefit frozen as of Apr 15, 2025.
- Amendment to Non-Qualified Retirement Plan locks actuarial assumptions for Cecere's lump-sum calculation.
- Compensation effective following Apr 15 annual shareholders' meeting and board meeting.

## SEC filing metadata
- accession: 0001193125-25-082814
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000119312525082814/0001193125-25-082814-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000119312525082814/d853666d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-082814
- JSON: https://secwatch.observer/filing/0001193125-25-082814.json
- Plain text: https://secwatch.observer/filing/0001193125-25-082814.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.